Finance

Scholastic Corp.'s top-line results have been choppy in recent quarters, as revenue from educational publishing declined. The company has been spending heavily to invest in new technology such as e-books. To fund its digital growth, the company said this year it plans to reduce other costs and declared a voluntary retirement program. Chief Executive Richard Robinson said Thursday that the company is on track with its cost-cutting goals. For the quarter ended Nov. 30, Scholastic reported a profit of $82.8 million, or $2.60 a share, up from $74.9 million, or $2.14 a share, a

Hachette Book Group (HBG) announced that they have renewed their distribution services agreement with San Francisco based Chronicle Books. Since January 2008, HBG has provided fulfillment and distribution services into the United States trade market to Chronicle Books and their clients, which include Moleskine.

In the mushrooming controversy over e-books, it’s easy to understand the publishers’ motives. But what about Apple? ( NSDQ: AAPL ) Did the company want to raise book prices in order to protect its iPad and blunt the rise of Amazon? These questions will...

Across most of Europe, e-books are taxed at full national value-added rates, which reach 25 percent in Sweden, Denmark, Hungary and other countries. Printed books, benefiting from an industry lobby, are taxed at a fraction of the full rates — and not at all in Britain.

It seems, Mr. Seaman said, that the value-added tax gap “discourages traditional publishers from innovating by effectively subsidizing them not to.”

(PRESS RELEASE) Lagardère SCA announced third quarter revenues today, noting “solid activity trends despite a highly uncertain economic environment.” Highlights of the company's financial performance are as follows: At Lagardère: Third-quarter net sales of €1,982m were up 1.3% on a like-for-like basis and down 5.8% on a reported basis (the difference between reported and like-for-like…

Rakuten, the Toronto based eCommerce company, has announced that it intends to purchase Kobo—an eReading specialist—in a deal valued at $315m.

Kobo had become an increasingly potent competitor to Rakuten in recent years, launching a range of innovative eReaders and a wide range of eReading apps into the eBook marketplace.

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A respect for the value of content, of books, of authorship drives the Schiffer LTD imprint's minimum advertised pricing (MAP) policy. The policy stipulates the imprint's books will only be distributed to outlets who do not advertise the products below a publisher-set minimum price.

The McGraw-Hill Companies today announced an agreement to sell its nine-station Broadcasting Group which it called a "non-strategic asset" to The E. W. Scripps Company for $212 million in cash.

Just in time for the back-to-school season, iPad interactive textbook publisher Inkling has secured $17 million in Series B funding from investors including Tenaya Capital, Pearson Education, Jafco Ventures and Sequoia Capital.

Inkling works with textbook publishers to rebuild existing textbooks for the iPad, incorporating search, quizzes, note-sharing, audio and video other interactive features. Students can preview free sample chapters and can also buy textbooks by the chapter, starting at $2.99, through Inkling’s store.